Sand Monitoring Services Limited

Sand Monitoring Services Ltd, based in Aberdeen, UK, is a small holding company with an active status, having been founded 21 years ago. The company employs 12 people and holds £1,475,665 in assets, though its registered address is likely virtual, as 145 companies share the same location. Two directors and one owner (though the list of owners was changed nine years ago) lead the business, which operates in the support activities for petroleum and natural gas extraction industries.

The company's core business revolves around sensory data analysis and visualisation for the global oil and gas community. Its website highlights a range of services, including corrosion monitoring, injection calibration, and real-time data analysis, alongside consultancy services. It also offers a suite of software and reporting tools, emphasizing a dynamic and interactive experience. The company has regional hubs in the UK, Malaysia, and the UAE, serving clients across 22 countries and boasting a track record of installing sensors in the oil and gas industry.

Financially, Sand Monitoring Services Ltd shows some interesting trends. While government grants increased by 62%, leading to a rise in net assets by 37%, bank borrowings surged by 140%, reaching £750,000. Cash reserves, however, increased dramatically by over 11,000%, reaching £45,000. Trade debtors decreased by 20%, and creditors dropped by 35%, suggesting improved debt management. The company meets the criteria for a small business, with turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees. The unaudited financial statements, with no auditor mentioned, rely on director-reported data.

The increase in bank borrowings, despite the rise in cash reserves, could indicate investments in new technologies or expansion efforts. The decrease in debtors is a positive sign, but the overall picture suggests a company actively growing, albeit with some financial pressures.

Registered in Scotland under the registration number SC264346, with a registered address at AB10 1HA, Aberdeen, Johnstone House, 52-54 Rose Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.